Mobile Cash Market Continues To Grow in Kenya, M-Pesa Nears 99 percent Market Share
The Kenya n mobile cash market plays a basic role in the nation’s objective to financial inclusion. The market has actually been growing and still is according to the current Sector Data report from the Communications Authority of Kenya. Under the third quarter of the FY 2019/20(Jan-March 2020 ), the number of registered active mobile money memberships in Kenya stood at 29.1 million. An increase from 28.9 million registered in the duration ended December 2019. As usual, M-Pesa continues to lead the marketplace, currently holding a 98.8 percent market share,…
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